Physicians Realty Trust Announces Pricing of Public Offering of
Common Shares

May 20, 2014 09:01 PM Eastern Daylight Time

MILWAUKEE--(BUSINESS WIRE)--Physicians Realty Trust (NYSE:DOC) (“the Company”), a self-managed
healthcare real estate company, announced today the pricing of its
public offering of 11,000,000 common shares of beneficial interest at a
price to the public of $12.50 per share, for a total of approximately
$129.5 million of net proceeds after deducting underwriting discounts
and commissions and estimated offering expenses payable by the Company.
All of the common shares are being offered by the Company and will trade
on the NYSE under the ticker symbol “DOC.”

The offering is expected to close on May 27, 2014. The Company has
granted the underwriters a 30-day option to purchase up to an additional
1,650,000 common shares.

The Company will contribute the net proceeds of this offering to its
operating partnership in exchange for common units in its operating
partnership. The Company’s operating partnership intends to use the net
proceeds of the offering to repay approximately $113.2 million of
borrowings under the Company’s senior secured revolving credit facility
and the balance, if any, for general corporate and working capital
purposes, funding possible future acquisitions and development
activities.

A registration statement relating to the offering of the Company’s
common shares discussed above was declared effective by the Securities
and Exchange Commission on May 20, 2014. This press release shall not
constitute an offer to sell or the solicitation of any offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.

The offering of these securities is being made only by means of a
prospectus. Copies of the prospectus relating to the offering may be
obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attn: Prospectus Department, email: dg.prospectus_requests@baml.com;
KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127
Public Square, 4th Floor, Cleveland, Ohio 44114 or by calling (800)
859-1783; Wunderlich Securities, 6000 Poplar Avenue, Suite 150, Memphis,
Tennessee 38119; or any other manager of the offering listed above.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company
organized to acquire, selectively develop, own and manage healthcare
properties that are leased to physicians, hospitals and healthcare
delivery systems. The Company invests in real estate that is integral to
providing high quality healthcare. The Company will elect to be taxed as
a real estate investment trust (REIT) for U.S. federal income tax
purposes beginning with its short taxable year ending December 31, 2013
upon the filing of its U.S. federal income tax return for such year.

Forward-Looking Statements

This press release contains statements that are “forward-looking
statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as
amended, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as “anticipate”, “believe”,
“expect”, “estimate”, “plan”, “outlook”, and “project” and other similar
expressions that predict or indicate future events or trends or that are
not statements of historical matters. These forward looking statements
include any statements regarding the Company’s strategic and operational
plans. Forward looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or results
will be achieved. Forward looking statements are based on information
available at the time those statements are made and/or management’s good
faith belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual performance
or results to differ materially from those expressed in or suggested by
the forward looking statements. Completion of the offering on the terms
described, and the application of net proceeds, are subject to numerous
conditions, many of which are beyond the control of the Company,
including, without limitation, general economic conditions, market
conditions and other factors, including those set forth in the Risk
Factors section of the Company’s annual and periodic reports and other
documents filed with the SEC, copies of which are available on the SEC’s
website, www.sec.gov.
The Company undertakes no obligation to update these statements after
the date of this release.